122

1

In all other cases the assets were eventually taken

in charge by the Bankers' Association or some Chinese

committee of management without any reference to British

law or objection from interested parties. In Hankow

the responsible members of the staff of the National

Commercial and Savings Bank Limited disappeared with

the excention of the Accountant, a Chinese, who appealed

to His Majesty's Consul-General for the protection of

the assets.

In reply to Mr. Moss' enquiry I informed

him, as i was bound to do that winding up proceedings

must be under the control of His Majesty's Supreme

Court and that he should assist the branch in resisting

any attempt on the part of the Chinese Authorities to

attach the assets. Such an attempt was in fact made

I immed-

and in order to avoid an undignified wrangle the premises

were by mutual agreement sealed both by His Majesty's

Consul-General and by the Mayor pending a diplomatic

settlement of the question of jurisdiction.

iately addressed a Note to the Minister for Foreign

Affairs requesting him, in view of the Bank's British

nationality, to cause immediate steps to be taken to

have the Chinese Court's seals removed from the premises.

This crossed a memorandum from the Wai Chiao Pu to my-

self calling attention to the fact that a number of

banks having their head offices in Hongkong and branches

in China had suspended payment with unfortunate resulta

to creditors, the majority of whom were Chinese, and

/suggesting

Share This Page